Available nationwide, the Morgan Stanley Preferred Savings account is offering 4.25% APY on your funds.
Update 11/11/24: The rate has decreased to 4.25% APY from 4.50%.
| Balance Requirement | APY Rate |
| $1,000-$10M+ | 4.25% APY |
Morgan Stanley Preferred Savings Rate
- Account Type: Preferred Savings
- Interest Rate: 4.25% APY
- Availability: Nationwide
- Minimum Balance: $1,000
- Maximum Balance: $10,000,000
- Credit inquiry: Unknown
- Opening Deposit: $1,000
- Monthly Fees: None listed
- Early Termination Fee: None listed
(FDIC Insured)
Morgan Stanley Preferred Savings ACH Capabilities and Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | ? | ? | |
| Pull | ? | ? | ? |
How to Earn Morgan Stanley Preferred Savings Rate
- Open a new account with a minimum opening deposit of $1,000.
- Earn 4.25% APY.
Why You Should Sign Up For This Account
- Competitive Rate over the National Savings Average
- Convenient and Flexible Access to Funds. With same day availability, provides convenient access to your cash reserves within your investment portfolio.
- Your Deposits Are FDIC Insured. Deposits are FDIC insured, up to applicable limits.
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Bottom Line
If you’re looking to open an interest bearing account, here’s an account to consider.
Interested in Bank Bonuses? See our favorite banks including HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
For more bank offers, see the complete list of Best Bank Rates!
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Just ended a telephone conversation with a “customer service” representative who informs me Morgan Stanley is only offering E*Trade accounts 4.25% APR on savings. Said only “Morgan Stanley” accounts get the advertised 5% rate! They are trying to eliminate small investors from E*Trade. They don’t want those accounts. Even though E*Trade IS now Morgan Stanley Bank, they won’t give their best rates to acquired E*Trade customers.
If you are a former E*Trade customer I advise to trash-can Morgan Stanley and find a bank wanting your business. This bank is trash.
Also, if you’ve had a “day trader status” placed on your brokerage they now insist you keep a minimum of 25k balance to trade (I understand they have to abide by the rules however, they just block your account so that it is unusable until you come up to that minimum. Advised me it would be three days to realign to a “cash only” account. Seems this should be done instantly). Spoke with a Mike Nelson who was incredibly rude and unhelpful. Morgan Stanley is in trouble and this “service” shows it. These NY banks are destroying small business and small investors’ investment options by entirely taking over the financial markets. Get your money out of them asap!
Morgan Stanley is going to roll E-Trade into their brokerage accounts. I am trying to get my money out of E-Trade before that.
Looks like customers with Eligible Brokerage accounts with Morgan Stanley can only take advantage of this program.
The rate can change. It will fluctuate with interest rates. It’s currently paying 4.6%
Their website indicates 4.25% apy: https://www.morganstanley.com/campaigns/wealth-management/qualifying-cash
I have a morgan stanley preferred saving account and I’m only receiving 3.50% apy. Where did you get this information that they offer 4. 00 % apy?